Bigger and Better: Taking IPO Product Experience to the Next Level3 min readReading Time: 3 minutes
Now, applying for an IPO is easier and seamless, as we bring you a bunch of new features. You can now view subscription numbers, check for allotment status, apply before the start date of the IPO, and much more! Here’s a sneak peek into the new IPO features on Paytm Money.
Feature #1 – Submit A Pre-Open IPO Order
No more waiting. No more facing downtime due to rush hour.
You can now submit the application for an IPO before it’s start date on Paytm Money. Your IPO application will be sent to exchange right after the IPO opens. Paytm Money is the only platform to offer this feature – first time ever in the market!
All you have to do is check for ‘Pre-Open’ tags on the IPO page, open the IPO details page and apply at your own leisure earlier and avoid the hassle of system downtime during the IPO.
Note: One thing to keep in mind is that you can modify or cancel your Pre-open IPO order only after the IPO start date.
Feature #2 – View Subscription Numbers While Applying
You can now see the Subscription status numbers for different categories in an IPO:
- Retail Investors
- Qualified Institutional Buyers (QIB)
- Non-Institutional Investors (NII)
You can also check how many times a category has been subscribed to. Oversubscription (more than 1 time) means that there is a higher demand for shares than supplied by the company. Similarly, Under Subscription implies that demand is low for the IPO.
Along with this, we are showing the ‘retail subscription’ status upfront on the landing page of IPOs for current and closed IPOs.
Feature #3 – Single-click Experience
Adding to your convenience, now you don’t have to enter details each time you apply for the IPO! We have developed a functionality for your UPI handle to get pre-filled by default if you have applied for IPOs on Paytm Money before. You don’t have to input it again.
Feature # 4 – Learn Before You Apply
Watch our videos to know about the IPO company!
IPO-specific videos are now available on Paytm Money. You can check out the videos to know more about the company that is going for IPO.
Feature #5 – Apply Through Shareholder Category
If an IPO company offers the reservation for the Shareholder category, you can apply in the Shareholder category too now! You can now apply via this category for an IPO if you have shares of the parent company. The total amount you can invest is capped at INR 2,00,000.
You will see two tabs:
- Retail and Shareholder for IPOs which have shareholder quota
- Select Shareholder and Apply
Feature #6 – Check your allotment status right after the announcement:
You can check for allotment status using the external RTA website if your application is successful and you are waiting for allotment status. All you have to do is click on ‘View’. Once you are redirected to the RTA site, input your PAN number or Application number to view Allotment status.
At Paytm Money, our product team is working relentlessly to improve the investing and learning experience of every investor. The above features make the IPO investing experience one of the best in the industry!
Hope you like the new product features launched. Share your feedback in the comments section!
Disclaimer – Investment in securities market are subject to market risks, read all the related documents carefully before investing. Paytm Money Ltd SEBI Reg No. Broking – INZ000240532. NSE (90165), BSE(6707) Regd office: 136, 1st Floor, Devika Tower, Nehru Place, Delhi – 110019. visit www.paytmmoney.com for complete disclaimers.